Larsen, Vegard H.; Thorsrud, Leif Anders - 2019 - This version 28 December 2018
Research about narratives' role in economics is scarce, while real word experience and research in other sciences … relevant to business cycles in the US, Japan, and Europe. We do so by first constructing quantitative measures of narratives … based on the news topics the media writes about. We then estimate daily business cycle indexes using this type of data …